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How to set an hourly rate for casual workers

Posted by XO Accounting on Nov 25, 2019 9:30:00 AM

For many small business owners, hiring workers on a flexible basis is ideal – especially if paying regular salaries isn’t in the budget and/or the workload is variable.

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Topics: Employment, management

Is technology making you less efficient?

Posted by XO Accounting on Sep 30, 2019 8:56:00 AM

If you feel overwhelmed by the sheer volume of technological gadgets out there, never mind apps and other digital “solutions”, you’re not alone. Technology sprawl and the rabbit hole of more and more information, available all the time, is making productivity—and healthy downtime—a real challenge for many of us.

Although we may be quicker at completing redundant tasks, more time is wasted managing all our different apps and technologies—and more of us live in a near constant state of distraction.

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Topics: Technology, management, efficiency

Whistle While You Work

Posted by XO Accounting on Sep 23, 2019 8:57:00 AM

It is fairly agreed upon that having fun in the workplace is something that should be encouraged. Not only does it increases satisfaction and result in a turnover decrease, but your employees want to come to work. Therefore, creating a happy and productive work environment for both you and your employees.

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Topics: Employment, management

Combat interest rate rises in three easy ways

Posted by XO Accounting on Sep 2, 2019 11:08:00 AM

Rising interest on debt can be a curse when running a small business. However, there are some quick and easy policies you can start using to combat interest rate rises.

Individually, small steps can add some value to a business, but when combined they can make significant differences. Think of your business like a car in development. Improved aerodynamics, fuel injection and weight loss might separately increase fuel economy, but used together they could make the car a market-leader.

Here are three easy tips you can implement in your business to combat the effect that rising interest might have on your bottom line.

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Topics: financial, management, interest

4 ways to make your business easier to sell

Posted by XO Accounting on Aug 12, 2019 9:09:00 AM

Perhaps you’d always planned to build a thriving business to eventually sell for a tidy sum – or maybe for unexpected personal reasons it’s best to let your company go sooner rather than later.

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Topics: sell your business, management, planning

10 more quick growth tips for small business owners

Posted by XO Accounting on Aug 5, 2019 9:18:00 AM

Help grow your business through collaboration, expansion, improved marketing and some of the following quick tips.

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Topics: small business accounting, Marketing, management

8 Common Problems New Freelancers Face

Posted by XO Accounting on Jul 15, 2019 9:55:00 AM

Freelancers in all industries deal with the same problems due to the nature of their work.  Typically, freelancers are solo work-from-home contractors that manage every aspect of their business.  If you're thinking of dropping your career as an employee to begin freelancing, consider the following obstacles you will need to navigate.  Unfortunately, problems beget more problems, and a shaky foundation quickly leads to a crumbly business, and many regrets about starting in the first place.

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Topics: freelancer, management

Changes coming 1st July 2019

Posted by XO Accounting on Jul 1, 2019 10:57:03 AM

 

Single Touch Payroll

From 1 July 2019, you will have to transfer your payroll transaction data to the ATO each time your employees are paid using a software solution to do this.

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Topics: small business accounting, accounting, management

Growing your business without borrowing

Posted by XO Accounting on Jun 10, 2019 10:44:00 AM

Taking out a business loan may be your first plan of action for financing business growth. But there are excellent reasons to consider other options for finding capital to expand your business.

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Topics: financial, small business, management

Nine Ways to Become a Better Investor

Posted by XO Accounting on May 13, 2019 11:16:00 AM

Nine Ways to Become a Better Investor

Everyone would like to become a better investor. People get into a twist trying this method and that only to abandon them for the next new thing. There's an easier way, and it involves following a few simple suggestions.

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Topics: investment, management

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